PayPie Updates. Greetings. It is the last Friday of the month and time for an update from PayPie.

01 Sep 2018, 00:02

PayPie Updates Greetings. It is the last Friday of the month and time for an update from PayPie. To better convey the information everyone’s interested in, we are using a question-and-answer (Q&A) format to effectively address key topics clearly and transparently. Q1: What is the status of product development? A1: First, our cash flow forecasting capabilities are just about to reach a whole new standard. Monthly projections are almost ready, being fine-tuned and will be live next week. Daily cash forecasting development is underway and will be live in the coming weeks. This will let PayPie lay claim to near-real-time financial analysis — a standard that very few global companies have. If you are a QuickBooks Online user, you can sync your account and test the forecasting tool for yourself later this month to see how it translates spreadsheet data into a highly interactive and visual format that makes it much easier to draw insights. This blog post on the benefits of cash flow consulting for businesses also explains key features of the forecasting tool. There is also a sister post that gives accountants 10 reasons why they should offer cash flow consulting (and use our forecasting tool to do so). We urge you to test out the cash flow forecasting tool to see the kind of information it conveys and how it fits into our value proposition. The cash flow forecast also contains our proprietary risk score, which will be used by businesses to apply for lending through the platform. Risk is also a standalone metric that every business should monitor as it is directly related to cash flow. In terms of onboarding users, our journey is just beginning. We are continuously and aggressively working on user feedback and are close to reaching 400 users on the platform. We believe that even further growth will come from our attendance of QuickBooks Connect (detailed later in this email). Secondly, Single Ledger development is moving forward as planned. We are excited to share some of the disruptions we are bringing to the financial world. We expect to have a working proof of concept to demo at the Allinial Global Technology Fly-In this September. Single Ledger has the power to take PayPie to unimaginable heights. The possibilities arising from accurate risk assessment tied to the Single Ledger will forever change the world of accounting and financing. Q2: How PayPie is creating awareness and driving adoption? A2: PayPie is confirmed as one of the exhibitors at QuickBooks Connect 2018 in November. Our CEO, Nick Chandi, will be a member of a panel discussion called “Power Panel – All About Blockchain.” Topics will include how blockchain is set to impact accounting, which is a natural fit for PayPie, its tools, and its mission. The combination of our booth plus Nick’s participation in the panel should make for some excellent networking opportunities. Many of the top QuickBooks Online (QBO) accountants (from Canada, the United States and around the world) will be in attendance, as will representatives from the top apps. It is considered the event of the year in the QBO ecosystem. Accounting professional are SMEs’ most trusted advisors and each accountant onboarded on the platform is priceless. (Cash flow consulting is expected to be a growth area as automation eliminates data entry.) This event will kick-start our physical presence in the industry and we will leave our mark. It will be our first chance to show the world a little of what we are capable of. Content marketing (blogging efforts) are also being developed to support these initiatives, including posts that will target QBO users (SMEs and accountants) in advance of the event. There will also be more events to come in 2019. Q3: What is taking so long with the regulatory process?

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PayPiePPP #1681

01 Sep 2018, 02:26

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HERE'S YOUR CHANCE TO MAKE A DIFFERENCE. Your help is needed.

PayPiePPP #1681

01 Sep 2018, 00:02

A3: We are working on multiple fronts to assure that, regardless of the path taken, the outcome for PayPie supporters will be positive and steady for the long run. We have been following the right and legal path since day one and have been nothing but cooperative toward the process. From all the feedback we have received, nothing in our understanding denotes a negative outcome. We are constantly pushing our legal team for a faster resolution. However, a final position has not been reached. Our best estimate would be any time within the next six months, but if things go faster, we can go live in the next few months. In the meantime, trust that we are investing all our resources to accelerate the process and ensure that millions of businesses fall in love with PayPie and take advantage of the lending capabilities. We are aware of the fact that working as a security token as a possible alternate path taken by some other issuers. As you may know, there are currently significant barriers that impact the functionality of security tokens, such as the limitation of exchanges trading security tokens, the difficult access to potential partners, time-consuming and expensive processes, integrating with other blockchain systems, etc. Given these barriers, the path as a security token is not our top priority at the moment. Progress is steadily taking place on multiple fronts and many pieces are falling into place. It is only a matter of time before we can bring our unique technology to all. We are doing everything in our power to deliver the best platform we can, in the best way we can and as quickly as possible. We thank you for your support.

A3: We are working on multiple fronts to assure that, regardless of the path taken, the outcome for PayPie supporters will be po